Earnings Preview For IM Cannabis
Portfolio Pulse from Benzinga Insights
IM Cannabis (NASDAQ:IMCC) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.17. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $0.4556, down 43.26% over the last 52 weeks. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.
March 27, 2024 | 4:02 pm
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IM Cannabis is expected to report an EPS of $-0.17 for the latest quarter. The stock has been down 43.26% over the past year, indicating a negative trend. However, positive guidance could potentially reverse this trend in the short term.
Given the stock's negative performance over the past year, any positive guidance provided in the upcoming earnings report could serve as a catalyst for a short-term price increase. The historical data shows that the company's earnings results and guidance have had a noticeable impact on the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100